Rumors about the #XRPETF XRP ETF suddenly exploded in the market, making this drama more exciting than Ripple's lawsuit against the SEC. Internal documents show that a certain Wall Street giant is quietly lobbying the SEC to launch the world's first XRP spot ETF. Once the news broke, XRP surged 28% instantly, and the entire payment concept coins took off as well. But those with a keen eye can see that this is simply a high-difficulty tightrope walk — the SEC has been reviewing Bitcoin ETFs for ten years; how could it possibly give the green light to XRP, which just finished a lawsuit?

On-chain data has revealed more tricks; 24 hours before the ETF news broke, a mysterious address accumulated 120 million XRP through over-the-counter trading. Coincidentally, this address has a hidden connection with the wallet controlled by a certain Ripple executive. What the market is most worried about now is not whether the ETF can be approved, but the monthly unlocking selling pressure of 1 billion XRP from Ripple — these institutional holdings are like the sword of Damocles, ready to crash the price back to square one at any moment.